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Global Homes has invested heavily in home building in Shelbyville in the last few years. These moderately-
priced homes on St. Charles Place are just some of Global’s efforts. Photo by Terence Corrigan.

Spending real estate dollars

makes sense in Bedford County

H story by mArk mcGee

he old saying, ‘follow the money’ has never been more segroves has been an increase in prices shelbyville for
apropos than when discussing the booming real estate both older and new construction. he explains that the entry
t market in bedford county. level home price of $140,000 would have been $100,000
An entry level new home in bedford county is priced three years ago. but he adds there are more amenities with
around $140,000 today. hardwoods, ceramic tiles and granite counter tops in the new
“the way I like to think about it is in our fast-growing construction.
neighbor to the north, rutherford county it is $200,000 for a “It is happening all over the
starter home,” harold segroves of coldwell banker segroves- country and it is happening in
neese real estate said. “so in shelbyville it is going to be shelbyville as well,” segroves said.
$60,000 cheaper.” “everything has stepped up.
with entry level homes in nashville starting at $330,000- “we are growing too. It is not
plus many are choosing to commute from shelbyville. Again it happening as rapidly as rutherford
is a matter of following the money. county but we are having strong
“the key reason people commute is the cost of living,” positive growth.”
segroves said. “when the cost of living goes up dramatically for most real estate agents in the
enough people will extend their commute to find a place they Continued on page 44 Harold Segroves
can afford.”
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